XRP Ledger Fee Burning Spikes by 848% Amid Transaction Surge

XRP Ledger saw a significant surge in transactions, leading to an 848% increase in transaction fee burning.

In the past 24 hours, total transactions reached 2.9 million, while the payment volume hit $929.6 million in XRP terms.

However, around 1 million of these transactions failed, suggesting that some of the increased fees may be due to automated traffic.

XRP is currently attempting to stabilize above its recent high of $1.66.